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Beas Honey Company has been increasing its dividend by 2% every year and you expect that to continue. Yesterday, Beas paid a dividend of $4.75

Beas Honey Company has been increasing its dividend by 2% every year and you expect that to continue. Yesterday, Beas paid a dividend of $4.75 per share. If you require a 14% rate of return, what is the maximum price you would be willing to pay for a share of Beas stock today?

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